As of Friday close, Monster Beverage Corporation’s (NASDAQ:MNST) stock was down -$0.23, moving down -0.42 percent to $54.52. The average number of shares traded per day over the past five days has been 5,409,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.62 fall in that time frame. In the last twenty days, the average volume was 4,379,345, while in the previous 50 days, it was 4,483,870.
Since last month, MNST stock retreated -5.85%. Shares of the company fell to $54.38 on 09/22/23, the lowest level in the past month. A 52-week high of $60.47 was reached on 05/05/23 after having rallying from a 52-week low of $42.81. Since the beginning of this year, MNST’s stock price has risen by 7.40% or $3.76, and marked a new high 18 times. However, the stock has declined by -9.83% since its 52-week high.
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MNST stock investors should be aware that Monster Beverage Corporation (MNST) stock had its last reported insider trading activity 33 days ago on Aug 21. Demel Ana, the Director of the company, disposed of 116 shares for $57.24 on Aug 21. It resulted in a $6,640 divestment by the insider. HALL MARK J sold 56,202 shares at an average price of $58.81 on Aug 14. The insider now owns 1,027,840 shares following the transaction. On Aug 14, Director VIDERGAUZ MARK sold 5,000 shares at $59.00 apiece. The transaction was valued at $295,000.
Valuation Metrics
Right now, Monster Beverage Corporation (MNST) has a P/E ratio of about 40.30. The stock’s beta is 0.84. Besides these, the trailing price-to-sales (P/S) ratio of 8.65, the price-to-book (PB) ratio of 7.28, and the price-to-cash flow ratio of 42.90 may also be considered.
Financial Health
In the three months ended June 29, Monster Beverage Corporation’s quick ratio stood at 4.10, while its current ratio was 4.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 52.20% percent. In the year ended June 29, EBITDA margin amounted to 26.20%, whereas operating margins totaled 27.20%. Based on annual data, MNST earned $3.17 billion in gross profit and brought in $6.31 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.10%. Return on equity (ROE) for the past 12 months was 19.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MNST’s revenue rose 10.75% to $1.7 billion during the quarter, while net income inched up to $1.85 billion. While analysts expected Monster Beverage Corporation to report $0.39 quarterly earnings, the actual figure was $0.39 per share. During the quarter, the company generated $539.38 million in EBITDA. The liabilities of Monster Beverage Corporation were 1.42 billion at the end of its most recent quarter ended June 29, and its total debt was $40.9 million. The value of shareholders’ equity is $1.05 billion.
Technical Picture
This quick technical analysis looks at Monster Beverage Corporation’s (MNST) price momentum. With a historical volatility rate of 13.41%, the RSI 9-day stood at 27.48% on 22 September.
With respect to its five-day moving average, the current Monster Beverage Corporation price is down by -2.89% percent or -$1.62. At present, MNST shares trade -4.40% below its 20-day simple moving average and -4.08% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.91% below its SMA50 and +6.72% above its SMA200.
Stochastic coefficient K was 7.83% and Stochastic coefficient D was 13.00%, while ATR was 0.80. Given the Stochastic reading of 5.26% for the 14-day period, the RSI (14) reading has been calculated as 34.13%. As of today, the MACD Oscillator reading stands at -0.88, while the 14-day reading stands at -1.06.
Analyst Ratings
HSBC Securities launched its rating on Monster Beverage Corporation (NASDAQ: MNST) to a Buy in a note to investors on August 14, 2023. Monster Beverage Corporation (MNST) has been rated Overweight by analysts. According to 0 brokerage firms, MNST is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Monster Beverage Corporation stock as buy, with 15 recommending it as overweight.
With a median target price of $63.00, the current consensus forecast for the stock is $57.00 – $72.00. Based on these forecasts, analysts predict Monster Beverage Corporation (MNST) will achieve an average price target of $63.41.
